<PAGE>
                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                              ------------------

                                 FORM 10-QSB

                                  (Mark One)

    [X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities
     Exchange Act of 1934 for the quarterly period ended January 31, 2002.

                                      OR

   [ ] Transition Report pursuant to Section 13 or 15(d) of the Securities
  Exchange Act of 1934 for the transition period from _________ to ________

                      Commission file number  000-31791

                             WALL STREET WEB, INC.
                      -----------------------------------
              (Exact name of small business issuer in its charter)

          New Jersey                                           23-3589086
         ------------                                        --------------
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                             Identification No.)

                             71 Irvington Street
                         Westwood,  New Jersey 07675
  ---------------------------------------------------------------------------
            (Address of principal executive offices)  (zip code)

                  Issuer's Telephone Number: 201-594-0555


Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

                           Yes [ ]         No [X]

     Number of shares outstanding of Common Stock, as of January 31, 2002, is
10,969,000, with 67 shareholders of record.


                                      -1-

<PAGE>
                               TABLE OF CONTENTS

                                     PART I


                                                                          Page

ITEM 1.  FINANCIAL STATEMENTS.............................................3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
         OF OPERATIONS PLAN OF OPERATION..................................7


                                     PART II

ITEM 1.  LEGAL PROCEEDINGS................................................9

ITEM 2.  CHANGES IN SECURITIES............................................9

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES..................................9

ITEM 4.  SUBMISSION TO A VOTE OF SECURITY HOLDERS.........................9

ITEM 5.  OTHER EVENTS.....................................................9

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.................................9

         SIGNATURES.......................................................9








                                      -2-

<PAGE>
                                    PART I.
Item 1.  Financial Statements

                             Wall Street Web, Inc.
                                 Balance Sheet
                               January 31, 2002


     ASSETS

Current Assets
  Cash                                                         $     6,868
  Accounts receivable                                                3,299
                                                               -----------
     Total Current Assets                                           10,167


Office equipment and furniture, net of $22,673
accumulated depreciation                                             7,079
                                                               -----------
TOTAL ASSETS                                                   $    17,246
                                                               ===========



LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
  Accounts payable                                             $   107,111
  Accrued expenses                                                  73,500
  Deferred revenue                                                     906
                                                               -----------
Total Current Liabilities                                          181,517
                                                               -----------
Stockholders? Deficit
  Common stock, $.001 par, 100,000,000 shares authorized,
    10,969,000 shares issued and outstanding                        10,969
  Paid in capital                                                  969,710
  Accumulated deficit                                           (1,144,950)
                                                               -----------
Total Stockholders? Deficit                                     (  164,271)
                                                               -----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                    $    17,246
                                                               ===========





                                      -3-
<PAGE>
<TABLE>
                                  Wall Street Web, Inc.
                                   Statements of Loss
            For the Three Months and Nine Months Ended January 31, 2002 and 2001

<CAPTION>

                                3 Months       9 Months       3 Months       9 Months
                                  Ended          Ended          Ended          Ended
                                 Jan. 31,       Jan. 31,       Jan. 31,       Jan. 31,
                                   2002           2002           2001           2001
                                ---------      ---------      ---------      ---------
<S>                             <C>            <C>            <C>            <C>
Sales                           $  10,668      $  38,700      $   5,978      $  96,001

Cost of sales                       5,213         11,078          5,233         15,696
Selling                               830          5,830          2,220         16,433
General and administrative        146,119        501,187        116,826        391,667
Depreciation                          787          2,360          2,031          5,921
                                ---------      ---------      ---------      ---------
     Total cost of operations     152,949        520,455        126,310        429,717
                                ---------      ---------      ---------      ---------

Net loss from operation          (142,281)      (481,755)      (120,332)      (333,716)

Interest income                                                     468          2,948
Interest (expense)               (    159)      (    234)       (   424)      (  1,233)
Other income                          109            363            584          6,018
                                ---------      ---------      ---------      ---------
     Net loss                   $(142,331)     $(481,626)     $(119,704)     $(325,983)
                                =========      =========      =========      =========

Net loss per common share           $(.01)         $(.04)         $(.01)         $(.03)

Weighted average common
shares outstanding             10,830,667     10,728,630     10,664,000     10,604,000

</TABLE>







                                          -4-

<PAGE>
                             Wall Street Web, Inc.
                           Statements of Cash Flows
             For the Nine Months Ended January 31, 2002 and 2001



                                                   2002           2001
                                                 ---------      ---------
CASH FLOWS FROM OPERATIONS
  Net loss                                       $(481,626)     $(325,983)
  Adjustments to reconcile net loss
    to cash used in operating activities
      Stock issued for services                     85,000
      Warrants issued for services                 198,450         79,800
      Depreciation                                   2,360          5,921
    Changes in:
      Accounts receivable                         (    341)         2,120
      Accounts payable                              34,679         25,969
      Deferred revenue                            (  2,479)      ( 25,991)
      Accrued expenses                              73,500       ( 27,541)
                                                 ---------      ---------
      NET CASH USED BY OPERATING ACTIVITIES       ( 90,457)      (265,705)
                                                 ---------      ---------

CASH FLOWS USED BY INVESTING ACTIVITIES
  Purchase of office equipment and furniture                     (  6,112)

CASH FLOWS FROM FINANCING ACTIVITIES
  Sales of common stock                             95,000        264,500
                                                 ---------      ---------

NET INCREASE (DECREASE) IN CASH                      4,543       (  7,317)

Cash at beginning of period                          2,325         52,055
                                                 ---------      ---------
Cash at end of period                            $   6,868      $  44,738
                                                 =========      =========



                                      -5-

<PAGE>
                             Wall Street Web, Inc.
                        NOTES TO FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Wall Street Web,
Inc. have been prepared in accordance with generally accepted accounting
principles and the rules of the Securities and Exchange Commission (SEC), and
should be read in conjunction with the audited financial statements and notes
thereto contained in the Company?s Annual Report filed with the SEC on Form
10SB-2.  In the opinion of management, all adjustments, consisting of normal
recurring adjustments, necessary for a fair presentation of financial position
and the results of operations for the interim periods presented have been
reflected herein.  The results of operations for interim periods are not
necessarily indicative of the results to be expected for the full year.  Notes
to the financial statements which would substantially duplicate the disclosure
contained in the audited financial statements for the most recent fiscal year
as reported in the 10SB-2, have been omitted.


NOTE 2 - ISSUANCE OF COMMON STOCK

In June 2001, the Company sold 2,500 shares of common stock for $2 per share
for total proceeds of $5,000.  From August 2001 through October 2001, the
Company sold 40,000 shares of common stock for $1 per share for total proceeds
of $40,000.  In September 2001, the Company issued 20,000 shares of common
stock for professional services valued at $1 per share for a total value of
$20,000.


NOTE 3 - SUBSEQUENT EVENT

In November 2001, the Company issued 15,000 shares of common stock for
professional services valued at $1 per share for a total value of $15,000.




                                      -6-

<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

     This report on Form 10-QSB contains forward-looking statements regarding
Wall Street Web, Inc. and its business and operations within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Company intends that such forward-looking statements
be subject to the safe harbors created thereby. Such statements consist of any
statement other than a recitation of historical fact and can be identified by
the use of forward-looking terminology such as "may", "expect", "anticipate",
"estimate", or "continue" or the negative thereof or other variations thereon
or comparable terminology. The reader is cautioned that all forward-looking
statements are necessarily speculative and there are certain risks and
uncertainties that could cause actual events or results to differ materially
from those referred to in such forward-looking statements. This report should
be read in conjunction with the Company's amended report on Form 10-SB filed
with the Securities and Exchange Commission on May 15, 2001.

     The following discussion regarding Wall Street Web, Inc. and its business
and operations contains "forward-looking statements".  Such statements consist
of any statement other than a recitation of historical factand can be
identified by the use of forward-looking terminology such as "may", "expect",
"anticipate", "estimate", or "continue" or the negative thereof or other
variations thereon or comparable terminology.  The reader is cautioned that
all forward-looking statements are necessarily speculative and there are
certain risks and uncertainties that could cause actual events or results to
differ materially from those referred to in such forward-looking statements.

The Company
-----------

     The Company presently offices at 71 Irvington Street, Westwood, New
Jersey 07675.

Overview:

     Wall Street Web, Inc. provides information covering the day-to-day
activities of "Wall Street". We gather and compile information from contacts
at financial institutions and releases such information to subscribers through
its web sites, www.stockrumors.com and www.brokercall.com, on a timely basis.
The Stockrumors.com web site provides the investing public with information
concerning rumors moving stocks and the stock market.  Wall Street Web
operates the brokercall.com web site which allows the investing public toview
analyst upgrades on a particular company. The web site www.streamingquotes.tv
provides real time stock market quotes to the investing public.  In addition
to revenues from subscriptions, we generate revenues from advertising banners
and sponsorships on its web sites.

Results of operations:

     Revenues are derived from annual, semi-annual, quarterly, and monthly
subscriptions relating to our products on the Stockrumors.com and
Brokercall.com web sites, and from the sale of advertising banners placed on
these sites.  Results of operations for nine months ended January 31, 2002
were impacted by limitations on resources, primarily financial, which
inhibited advertising activities.  During the nine months ended January 31,
2002, we had net sales of $38,700, reflecting a decrease of $57,301, or 60%,
compared to the net sales of $96,001 for the same period ended January 31,
2001.  Net sales in both years were derived from the sale of advertising.
This decrease was due to a decrease in the number of subscribers.

     Results of operations for the year ended April 30, 2001 were impacted by
limitations on resources, primarily financial, which inhibited advertising
activities.  In June of 2001, we sold 2,500 shares of common stock for $2 per
share for Allan Suzuki for $5,000.   From August 2001 through October 2001, we
sold 40,000 shares of common stock for $1.00 per share for $40,000 to
accredited investors pursuant to Regulation D, Rule 505 as set forth below


                                      -7-

<PAGE>
herein.  In September of 2001, we issued 20,000 shares of common stock for
professional services at $1.00 per share.

     For the fiscal year ended April 30, 2001, Wall Street Web earned gross
revenues of $120,544, compared to gross revenue of $227,765 for the year ended
April 30, 2000.  Revenues for the year ended April 30, 2001 of $120,544
represented a 47% decrease (or $107,221 decrease) over the comparable 2000
period.  This decrease in revenues is the result of a decrease in the number
of subscriptions being sold by Wall Street Web.  As of April 30, 2001, Wall
Street Web had 316 subscribers compared to 919 as of April 30, 2000.   During
2000 and 1999, Wall Street Web charged its subscribers a monthly subscription
rate of $20.  As a result of competitive pricing pressures, in June 2000, Wall
Street Web lowered its monthly subscription rate to $9.95.  The lowering of
the monthly subscription rate has had a negative impact on revenues,
profitability, and cash flow.  Wall Street Web subsequently raised its monthly
subscription rate to $19.00 in February of 2001.

General and administrative expenses:

     General and administrative expenses consist primarily of compensation and
related expenses, occupancy costs, professional fees, and other office
expenses.  The aggregated general and administrative expenses for the year
ended April 30, 2001 was $497,879 and $412,615 for the year ended April 30,
2000.  Of which, respectively, $131,000 and $117,000, respectively, represents
non-cash operating expenses attributable to compensation payable to our
Principal Stockholders that was accrued and subsequently waived.

Liquidity and Capital Resources:

     As of the nine months ended January 31, 2002, Wall Street Web has total
assets of $17,246.  Based upon 10,969,000 shares issued and outstanding, as of
nine months ended January 31, 2002, Wall Street Web's total stockholder's
deficit was $(164,271).  We incurred a net loss of $(481,626) for the period
ended January 31, 2002 or approximately $(.04) per common share, compared to
the period ended January 31, 2001 when we had a net loss of $325,983 or $(.03)
per common share.  For the year ended April 30, 2001, we had a net loss for
the 12 month period of $417,888 or $(.04) per common share, based upon
10,691,500 shares issued and outstanding.  These losses can be attributed to
loss of revenue from a decrease in subscribers.  Management believes that we
will continue to incur net losses through at least October 31, 2002, and that,
although a portion of our historical net losses have been attributable to non-
cash operating expenses, it will need additional equity or debt financing to
be able to sustain its operations until it can achieve profitability.

     Management also believes that the commercial success and profitability
of Wall Street Web will depend significantly on its ability to (i) expand the
subscriber base for its current web sites in the United States and abroad;
(ii) launch new web sites in the United States and abroad that will be of
interest to the financial community; (iii) increase web site advertising
revenues derived from current sources and through the development of new
sources; and (iv) expand the range of services offered to subscribers and
other users.

     We do not believe that our business is subject to seasonal trends or
inflation.  On an ongoing basis, we will attempt to minimize any effect of
inflation on our operating results by controlling operating costs and whenever
possible, seeking to insure that subscription rates reflect increases in costs
due to inflation.


                                      -8-

<PAGE>
                          PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     The Company is not aware of any litigation, either pending or threatened,
against the Company, its officers, directors or shareholders. The Company has
not received any claims and is not a party to any suits or other judicial or
necessary proceedings in regards to its business.

ITEM 2. CHANGES IN SECURITIES

     During the quarter ended January 31, 2002, there were no changes in
securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     During the quarter ended January 31, 2002, there were no defaults upon
senior securities.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     During the quarter ended January 31, 2002, there were no matters
submitted to a vote of the Company's shareholders.

ITEM 5. OTHER EVENTS

     The Company had the following stock issuances as described below.  All
such shares were sold to individuals by the Registrant and no underwriters
were utilized.

1.   On December 15, 2001, 100,000 shares and 100,000 Class A Warrants were
issued to Ronald A. Frolkenflik for $50,000 cash pursuant to Regulation D,
Rule 505 of the Securities Sct of 1933, as amended.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits: None.

(b)  Reports on Form 8-K: No reports on Form 8-K have been filed during the
     last quarter of the period covered by this report..


SIGNATURES

     In Accordance with Section 12 of the Securities and Exchange Act of 1934,
the Registrant, caused this Form 10-QSB to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:  April 24, 2002


WALL STREET WEB, INC.


/s/___________________________________
By: Joao Ruela, CEO, Secretary & Director



s/____________________________________
By: Thomas Melillo, President, Director, Chief Financial Officer